Construction values way up in 2014

Building permits are way up for the fourth quarter of 2014 compared with the same period last year in Cranbrook.

  • Jan. 22, 2015 3:00 p.m.

Building permits are way up for the fourth quarter of 2014 compared with the same period last year.

City staff released the newest Building Permit Summary at Monday’s city council meeting.

CAO Staudt explained how the summary works to council.

“What we do is compare building permits between, say, the last quarter of 2014 compared to the last quarter of 2013,” Staudt said. “All areas are pretty much the same except for residential, which is $5.2 million (in 2014) versus $2.3 million in 2013.”

The fourth quarter building permit totals in 2014 was $6.51 million, as compared to $3.85 million in 2013.

There were 15 new housing starts (13 single family and two medium density multi-family) in the fourth quarter of 2014, as compared to six new starts for the fourth quarter of 2013. A total of 74 building permits were issued in the fourth quarter of 2014 as compared to 58 for the same period in 2013.

Staudt noted that the number of permits issued for the year in 2014 was 253, compared to 200 in 2013.

The year to date total construction was $40.0 million in 2014, compared to $18.4 million in 2013.

“The main difference there is the Institutional in 2014 is $15 million; $252,000 in 2013,” Staudt said. “That is the addition that is going into the hospital primarily. But you can also see that the residential is significantly higher than 2013 — $15 million compared to $11 million. So 2014 was a good year.”

Staudt did caution that the numbers are requests on building permits and won’t necessarily result in construction.

“So this isn’t construction activity, it is requests for building permits,” Staudt said.